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U.S.: Job creation higher in year ended March 2011

U.S.: Job creation higher in year ended March 2011 (by Jeffry Bartash)

WASHINGTON (MarketWatch) - The Labor Department on Thursday said the economy created 192,000 more jobs than initially reported in the one-year period from March 2010 to March 2011. Previously some 1.32 million jobs were estimated to have been created during that period. The preliminary data was released as part of the department's regular "benchmark" revision of employment data based on actual tax returns. Some economists had expected a higher revision, but the modest increase dovetails with persistent weakness in the labor market. The unemployment rate has been above 9% in all but two months since the start of 2010.